Central banks need a new plan for 2014
AbstractMany major world economies are at risk of slipping from a period of falling inflation (disinflation) into outright negative inflation (deflation), and the eurozone is leading the trend. The European Central Bank and Fed in particular must strive to avoid this outcome by striking a balance between continuing quantitative easing and tightening monetary policy.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 39498.
Date of creation: Nov 2013
Date of revision:
the Fed; quantitative easing; eurozone; European Central Bank; Economic outlook; deflation;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-29 (All new papers)
- NEP-CBA-2013-11-29 (Central Banking)
- NEP-MAC-2013-11-29 (Macroeconomics)
- NEP-MON-2013-11-29 (Monetary Economics)
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